Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Shares Purchased by Royce & Associates LP

Royce & Associates LP raised its position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 20.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,111,312 shares of the semiconductor company’s stock after acquiring an additional 187,673 shares during the quarter. Royce & Associates LP owned approximately 2.04% of Kulicke and Soffa Industries worth $50,154,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of KLIC. Headlands Technologies LLC purchased a new position in shares of Kulicke and Soffa Industries in the first quarter valued at approximately $29,000. Signaturefd LLC boosted its position in Kulicke and Soffa Industries by 226.3% in the 3rd quarter. Signaturefd LLC now owns 783 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 543 shares during the period. Blue Trust Inc. boosted its position in Kulicke and Soffa Industries by 17,075.0% in the 2nd quarter. Blue Trust Inc. now owns 1,374 shares of the semiconductor company’s stock valued at $69,000 after buying an additional 1,366 shares during the period. Innealta Capital LLC acquired a new position in shares of Kulicke and Soffa Industries in the second quarter worth $73,000. Finally, CWM LLC increased its position in shares of Kulicke and Soffa Industries by 101.8% during the third quarter. CWM LLC now owns 1,923 shares of the semiconductor company’s stock worth $87,000 after acquiring an additional 970 shares during the period. 98.22% of the stock is owned by institutional investors and hedge funds.

Kulicke and Soffa Industries Price Performance

Shares of NASDAQ KLIC opened at $45.61 on Friday. The business has a 50-day moving average of $44.00 and a two-hundred day moving average of $45.36. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of -37.08 and a beta of 1.38. Kulicke and Soffa Industries, Inc. has a 1 year low of $38.20 and a 1 year high of $56.71.

Kulicke and Soffa Industries declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, November 13th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the semiconductor company to buy up to 11.7% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its stock is undervalued.

Kulicke and Soffa Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, January 7th will be paid a $0.205 dividend. This is a positive change from Kulicke and Soffa Industries’s previous quarterly dividend of $0.20. This represents a $0.82 annualized dividend and a yield of 1.80%. Kulicke and Soffa Industries’s dividend payout ratio is currently -65.04%.

Wall Street Analysts Forecast Growth

KLIC has been the subject of a number of recent research reports. Craig Hallum decreased their target price on Kulicke and Soffa Industries from $55.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, August 8th. StockNews.com cut Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research note on Tuesday. TD Cowen boosted their price objective on Kulicke and Soffa Industries from $45.00 to $50.00 and gave the stock a “hold” rating in a research report on Friday. Finally, Needham & Company LLC raised shares of Kulicke and Soffa Industries from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a report on Friday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $50.50.

Kulicke and Soffa Industries Company Profile

Kulicke and Soffa Industries, Inc designs, manufactures, and sells capital equipment and tools used to assemble semiconductor devices. It operates through four segments: Ball Bonding Equipment, Wedge Bonding Equipment, Advanced Solutions, and Aftermarket Products and Services (APS). The company offers ball bonding equipment, wafer level bonding equipment, wedge bonding equipment; and advanced display, die-attach, and thermocompression systems and solutions, as well as tools, spares and services for equipment.